Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers
At a meeting of the Compensation Committee of the board of directors of Zogenix,
Inc. (the "Company") on February 17, 2022, performance bonus payments were
approved for Gail M. Farfel, Executive Vice President and Chief Development
Officer, and Michael P. Smith, Executive Vice President, Chief Financial Officer
and Treasurer, in the amounts of $209,979 and $205,979, respectively. The bonus
payments are in addition to the ordinary course 2021 annual bonus payments to
the Company's executive officers under the Company's annual incentive plan. Mr.
Smith's bonus payment will be paid concurrently with the closing of the
transactions contemplated by that Agreement and Plan of Merger, dated
January 18, 2022, by and among the Company, UCB S.A., société anonyme formed
under the laws of Belgium and Zinc Merger Sub, Inc., a Delaware corporation (the
"Closing"). Ms. Farfel's bonus payment will be paid upon the earlier of the
occurrence of (i) the Closing or (ii) the Company obtaining approval from the
U.S. Food and Drug Administration in connection with the Company's supplemental
New Drug Application for the use of FINTEPLA for the treatment of seizures
associated with Lennox-Gastaut syndrome.
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